Matthew Gillard - Aug 16, 2024 Form 4 Insider Report for PATTERSON UTI ENERGY INC (PTEN)

Role
President-Completions
Signature
By Forrest Robinson pursuant to a limited power of attorney filed with the SEC on 09/06/2023 /s/Forrest Robinson
Stock symbol
PTEN
Transactions as of
Aug 16, 2024
Transactions value $
-$89,164
Form type
4
Date filed
8/20/2024, 09:51 PM
Previous filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTEN Common Stock, $.01 par value per share Options Exercise $0 +24.8K +21.64% $0.00 140K Aug 16, 2024 Direct F1
transaction PTEN Common Stock, $.01 par value per share Tax liability -$89.2K -9.77K -7% $9.13 130K Aug 16, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PTEN Restricted Stock Units Options Exercise -24.8K -11.74% 187K Aug 16, 2024 Common Stock, $.01 par value per share 24.8K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received upon vesting of Restricted Stock Units.
F2 Shares disposed to pay applicable withholding taxes on Restricted Stock Units converted into common stock.
F3 The Restricted Stock Units will vest in accordance with the following schedule: (i) 18,133 on January 2, 2025, (ii) 40,407 on January 3, 2025, (iii) 109,894 on December 31, 2025, and (iv) 18,132 on January 2, 2026. Each Restricted Stock Unit represents the right to receive a share of the Issuer's common stock or a cash payment in lieu thereof.